ACCT 280 Week 3 j.docx - Required information[The following...

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ACCT 280 Week 3 j.docx

View ACCT 280 Week 3 j.docx from ACCT 220 & 221 at University of Maryland, University College. for four months. The monthly rent is $6,300. 4. (4) Depreciation of office equipment is based on an

Required information[The following information applies to the questions displayed below.]Omega Company adjusts its accounts at the end of each month. Thefollowing information has been assembled in order to prepare the required adjusting entries at December 31:1.(1) A one-year bank loan of $738,000 at an annual interest rateof 12% had been obtained on December 1.2.(2) The company pays all employees up-to-date each Friday. Since December 31 fell on Tuesday, there was a liability to employees at December 31 for two day's pay amounting to $7,100.3.(3) On December 1, rent on the office building had been paid

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